Pro Bitcoin traders are uncomfortable with bullish positions
BTC derivatives used by whales and market makers do not support a continuous price recovery above $24,000.
BTC derivatives used by whales and market makers do not support a continuous price recovery above $24,000.
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CoinLoan, a licensed crypto lending platform, recently partnered with Blaze Information Security (Blaze), a cybersecurity firm with an international presence. The goal of the collaboration with Blaze was to test CoinLoan’s infrastructure, which enhances protection for every user and helps provide the highest level of cyber defense. Since 2016, Blaze has delivered over 1,500 penetration…
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Wondering if the recent Bitcoin price movement is going to keep moving forward, or if this is just another bear trap? Join the conversation with Nicholas Merten from ‘DataDash’ and get answers about the recent market movements.
Ethereum’s transition to proof-of-stake could be a boon for the price of Ethereum Classic.
The crypto market has extended its bullish momentum despite recent tailwinds, Ethereum continues to lead in this recovery. The second crypto by market cap trades at $1,600 with a 35% profit in the past week. Related Reading | Crypto Market On The Mend: ApeCoin And Curve DAO Show Gains Trading firm QCP Capital shared a market update claiming the current bullish price action has been a “pleasant surprise for all”. This price action started on the back of the latest U.S. Consumer Price Index (CPI) print; a metric used to measure inflation. The CPI stands at a 40-year high which was expected to have a negative impact on the crypto market. The opposite occurred, the trading firm claims, due to market participants expecting lower inflation in the coming months. This potential decline in inflation could give some room for risk asset to continue their rally and persuade the U.S. Federal Reserve (Fed) from ruling out a 100-basis point (bps) interest rate hike. The financial institution will announce its decision on July 27. QCP Capital said: Currently, a 20% chance of 100bps is still being priced in but our view is that 75bps is the most the Fed will do. So expect another boost as 100 bps gets completely priced out. Ethereum is leading the relief because there is more clarity around the upcoming “Merge”, an event set to combine this network’s execution layer with its consensus layer. Thus, consolidating Ethereum’s migration to a Proof-of-Stake (PoS) consensus protocol. “The Merge” has been tentatively scheduled for September which has contributed to the shift in the general sentiment across the crypto market and supported this rally. The bullish price action, QCP Capital said, has been “keenly felt in the options market”. The sector saw a “rush” to purchase buy contracts (calls) for the September expiry. In other words, options traders are bullish on the potential impact that “The Merge” will have on Ethereum. Can Ethereum Extend Current Rally? Conversely, the options markets hint at potential exhaustion for Ethereum in the short term. QCP Capital records an increase in calls selling for ETH’s price and believes insolvencies announcements from other companies could operate as tailwinds for the second crypto by market cap. Part of the contagion triggered by the default of crypto hedge fund Three Arrows Capital (3AC), which failed to honor billions in debts from their counterparties, many companies have been negatively impacted. This includes Celsius, BlockFi, Voyager, and Genesis. These companies have had to halt their operations at some levels with new companies announcing that they have been affected by 3AC coming out almost every week. Yesterday, crypto exchange Zipmex suspended withdrawals, and there have been growing rumors about other companies taking similar measures. Related Reading | Solana (SOL) To Hit $166 By 2025, Despite Current Bearish Conditions QCP Capital said: While the markets have been sanguine, it might not be completely free of the credit contagion yet. We have been adding to our downside skew position and we are keeping slightly long gamma and vega (longer term options).
So, I've just bought a Nano S Plus, created an address on ledger live and then I created an account on Metamask. Metamask asked me to import a few wallets (all empty) as shown in this video at minute 4,20: https://youtu.be/Y51_Baq1_nc I choose to transfer the first two wallets, without any precise motivation since they…
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Near protocol was trading at its highest level since June 10 in today’s session, as prices of the token rose for a second straight day. Neo was also higher on Friday, with prices surging by over 15%, pushing the token to multi-week highs. Near Protocol (NEAR) Near protocol (NEAR) was one of the notable gainers […]
We all heard that sentence as motivation that Crypto / Bitcoin usually had dumps and pullbacks just to keep climbing in the long run. The entire year 2022 can be described as a bear market and a lot of people speculate recently that the bottom is already behind and these pumps are the start of…
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Bitcoin and Ethereum both gain but ETH price action takes the prize as Bitcoin cools momentum.